TAJ GVK Announces Quarterly Results (1QFY20); Net Profit Up 42.9%

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TAJ GVK Announces Quarterly Results (1QFY20); Net Profit Up 42.9%
Mon, 29 Jul

TAJ GVK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TAJ GVK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m726870722-17.1%-0.6%
Other incomeRs m2652-97.2%5.9%
TurnoverRs m728935724-22.6%-0.6%
ExpensesRs m599650538-17.2%-10.1%
Gross profitRs m122221184-16.7%51.2%
DepreciationRs m4340425.3%-1.9%
InterestRs m57526016.1%5.8%
Profit before taxRs m2419484-56.8%249.2%
TaxRs m-159328-70.0%
Profit after taxRs m3910156-44.7%42.9%
Gross profit margin%16.725.325.5
Effective tax rate%-63.347.833.2
Net profit margin%5.410.87.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.6% on a year-on-year (YoY) basis. The expenses were down by 10.1% YoY during the same period.
  • The company's operating profit increased by 51.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 1QFY20 as against 16.7% in 1QFY19.
  • Depreciation charges declined by 1.9% and finance costs increased by 5.8% YoY, respectively.
  • Other income increased by 5.9% YoY during the quarter.
  • Net profit for the quarter increased by 42.9% YoY. Net profit margins during the quarter increased from 5.4% in 1QFY19 to 7.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 17.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.2% QoQ during the same period.
  • The company's operating profit increased by 16.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 1QFY20 as against 25.3% in 4QFY19.
  • Net profit for the quarter declined by 44.7% QoQ, while net profit margins declined from 10.8% in 4QFY19 to 7.7% in 1QFY20.

To see how TAJ GVK has performed over the last eight quarters,please visit here.

TAJ GVK Share Price Performance

Over the last one year,TAJ GVK share price has moved down from Rs 221.2 to Rs 176.5, registering a Loss of Rs 44.7 or around 20.2%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 176.5, the price to earnings (P/E) ratio of TAJ GVK stands at 43.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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